Lake County · Ohio · Midwest · 24k residents
Willoughby, OH: economy, jobs & business costs
The site-selection read on Willoughby: labor costs, talent, corporate tax, energy, and business activity, with the Ohio median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,184/wk. Ohio's corporate income tax rate is 0%. Commercial electricity averages 10.7¢/kWh.
Compare Willoughby side by side
Avg. weekly wage
$1,184/wk
Corporate income tax
0%
Bachelor's degree or higher
36.6%
Commercial electricity
10.7¢/kWh
Economic momentum
How fast Willoughby's economy is moving, ranked against the US cities we track.
60/100
Steady
Ranks Willoughby's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $216,900 |
| Price per sq. ft. | $145 |
| Property tax rate | 1.5% |
| 1-bedroom rent | $1,077/mo |
| 2-bedroom rent | $1,197/mo |
| State & local income tax | 3.91% |
| Sales tax | 7.25% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,184/wk |
| Bachelor's degree or higher | 36.6% |
| Commercial electricity | 10.7¢/kWh |
| Businesses per 1k residents | 29.4/1k |
| Wage: Software developer | $111,310 |
| Wage: Registered nurse | $83,940 |
| Wage: General manager | $97,750 |
| Wage: Customer service | $46,040 |
| Wage: Warehouse worker | $36,290 |
| Wage: Heavy truck driver | $58,970 |
| Wage: Electrician | $70,860 |
| Wage: Retail salesperson | $31,000 |
| Cost of living index | 83 |
| Groceries index | 95 |
| Utilities | $160/mo |
| Transit pass | $60/mo |
| Gas price | $3.15/gal |
| Healthcare index | 95 |
| Childcare (per child) | $950/mo |
| Median household income | $71,309 |
| Unemployment rate | 3.9% |
| Population | 24k |
| Crime index | 45/100 |
| School rating | 5.8/10 |
| Walkability | 30/100 |
| Disaster risk | 77/100 |
| Avg. commute | 24 min |
| Sunny days / year | 175 days |
| July high | 82°F |
| January low | 19°F |
| Annual snowfall | — |
| Home price YoY | +3.7% |
| Home price MoM | 0.0% |
| Rent YoY | — |
| Rent MoM | -0.6% |
| Employment (jobs) YoY | +1.1% |
| Building permits YoY | -12.7% |
| Ocean coast | 390 mi |
| Big lake | 18 mi |
| Mountains | 225 mi |
| Major airport | 27 mi |
| Ski resort | 148 mi |
Popular comparisons
Nearby
- Eastlake, OH · 17k
- Mentor, OH · 47k
- Euclid, OH · 49k
- Mayfield Heights, OH · 20k
- South Euclid, OH · 22k
Similar size
- Solon, OH · 24k
- Riverside, OH · 24k
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- Wadsworth, OH · 24k
- Sandusky, OH · 25k
Real listings in Willoughby
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Willoughby a good place to run a business?
- Ohio's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,184/wk; commercial electricity averages 10.7¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Willoughby, OH?
- Willoughby indexes at 83 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,197/mo and a acs median home value of $216,900.
- How much does a house cost in Willoughby?
- The acs median home value in Willoughby is $216,900 (Census ACS estimate; individual listings vary).
- How much is rent in Willoughby?
- A two-bedroom in Willoughby rents for about $1,197/mo.